According to the public record, 15, Barnett Close, Erith is a mid-century leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Barnett Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
15, Barnett Close, Erith has 21 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Barnett Close Erith as £182,262 and the rental value as £1,261 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 15 Barnett Close Erith has increased by £3,399 (1.9%) and its rental value has increased by £82 per month (6.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 15, Barnett Close, Erith is in very good condition we estimate a sale value of £191,375 and rental value of £1,324 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £169,504 and a rental value of £1,173 per month.
If you were able to purchase this property for the estimated value of £182,262, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £896 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 15, Barnett Close, Erith was last sold on 22 Aug 2017 for £175,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Barnett Close, Erith within a radius of 470 metres over the last 2 years.
The most recent example is 109C, Northend Road, Erith, DA8 3PZ, a Leasehold flat which sold for £165,000 in Mar 2022.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Barnett Close, Erith, DA8 has a total of 54 addresses. According to our analysis of all the public data, 15, Barnett Close, Erith is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in DA8.
15, Barnett Close, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 15, Barnett Close, Erith is Slade Green station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Barnett Close, Erith, 72.8% of property is socially rented and 11.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 15, Barnett Close, Erith, 30.4% of residents are recorded as possessing school level qualifications and 26.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 15, Barnett Close, Erith, the average age was 37.6 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 15, Barnett Close, Erith, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 15, Barnett Close, Erith, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.